ECRAF (Ecora Resources) Debt-to-Equity : 0.21 (As of Jun. 2024)

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What is Ecora Resources Debt-to-Equity?

Ecora Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.44 Mil. Ecora Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $98.96 Mil. Ecora Resources's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $468.16 Mil. Ecora Resources's debt to equity for the quarter that ended in Jun. 2024 was 0.21.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Ecora Resources's Debt-to-Equity or its related term are showing as below:

ECRAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.1 Max: 0.35
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Ecora Resources was 0.35. The lowest was 0.02. And the median was 0.10.

ECRAF's Debt-to-Equity is ranked worse than
58.03% of 1258 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ECRAF: 0.21

Ecora Resources Debt-to-Equity Historical Data

The historical data trend for Ecora Resources's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ecora Resources Debt-to-Equity Chart

Ecora Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.17

0.21

0.32

0.09

0.18

Ecora Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.09	0.10	0.18	0.21

Competitive Comparison of Ecora Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Ecora Resources's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ecora Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ecora Resources's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ecora Resources's Debt-to-Equity falls into.

Ecora Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ecora Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.44	+	85.318)	/	482.019
	=	0.18

Ecora Resources's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.44	+	98.962)	/	468.157
	=	0.21

Ecora Resources (OTCPK:ECRAF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Ecora Resources Debt-to-Equity Related Terms

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Ecora Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ecora Resources PLC (OTCPK:ECRAF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ECORl:UK ECOR:UK HGR:Germany ECOR:Canada

Address

Kent House, 14–17 Market Place, 3rd Floor North, London, GBR, W1W 8AJ

Website

https://www.ecora-resources.com

Ecora Resources PLC is engaged in obtaining royalties from a diversified portfolio focusing on base metals and bulk materials. It focuses on commodities such as Copper; Nickel; Iron Ore; Gold; Cobalt; Vanadium; Met Coal and Uranium. Some of its assets include Voisey's Bay; Mantos Blancos; Maracas Menchen and others.